Blok (BLO)

Overview

Blok is designed to replace the outdated hierarchical workforce model, leading the charge to a productive, modern, and agile workforce.

Project stage

Only a whitepaper

Detailed description

Blok establishes a new paradigm for gig economy companies to solicit contractors for their gigs. A Blok platform user, called a blokpreneur (portmanteau for blockchain and entrepreneur, albeit can possibly mean an individual blokpreneur’s local (block-sized) sphere of influence), can browse all of the offers provided by the companies, assign relevant offers to themselves, mark them as complete and get paid in BLK tokens.

Blok uses smart contracts to eliminate friction in terms of time, cost, quality, and transparency in matching workers and employers. By utilizing the Blok platform to eliminate friction in the gig economy, we will empower workers and make hiring freelancers easier for companies. Further, by improving need identification and matching processes Blok will provide significant advances in the gig economy space.

Freelancers believe a diversified portfolio of clients is more secure than one employer. The average freelancer has an average of 4.5 clients per month.(Upwork ) With a transparent and trustworthy connection process, freelancers will be able to apply for consistent gigs to meet their financial needs and the current needs of a company.

Generating a diverse portfolio is where automation, blockchain, and the gig economy link. By isolating and codifying a gig so that it can be outsourced to a worker, we are now automating the gig. Once the gig has been automated, gig workers are only used to supervise and carry out the gig. This leaves an AI system that allows gig workers, the blockchain, and technology to work together.

Blok benefits companies looking to distribute tasks on a decentralized platform reducing labor and capital costs, increasing the scale of production, and to reach large subject pools quickly. Firms and individuals can conduct business solely on Blok optimizing the services and products they provide.

Problem

Working nine to five for a single employer runs counter to the way a significant share of the workforce makes a living today. The strategy for millions of people is to compile various income streams and working independently rather than in structured payroll jobs. With the emergence of technology and workflow applications, escaping the cubicle is within reach for millions of workers. The common struggles are lack of transparency, the efficiency of payments times, and connecting workers with buyers of their services.

Furthermore, contingent or independent workers need to be looked at as more than a passing trend as the global workforce continues to change and grow. The rise of the so-called, “gig economy” is helping organizations address needs in the modern workforce. It was only a matter of time before technology altered the structure of how we work.

Solution

Blok leverages blockchain technology to connect employers and workers across the globe, simplify and shorten the complexities of payments, and ensure transparency and trust amongst groups.

The Blok platform uses smart contracts to eliminate friction in terms of time, cost, quality, and transparency in matching workers and companies. Blok seeks to empower workers and companies in the gig economy to efficiently optimize how they reach their goals, setting them up for sustained success.

By improving efficiencies for workers and companies, Blok provides a better and faster solution in fulfilling consumer needs in the on-demand economy. The Blok platform allows consumers, companies, and workers all to benefit from blockchain technology.

Features

Trust>When platforms monopolize power within the gig economy, workers are at risk for exploitation. Blok democratizes the gig economy by working with platforms rather than against them and by empowering workers.

PaymentCompanies struggle providing quick payment to workers and sometimes take substantial fees as intermediaries. Blok allows workers to take home money and shrink payment cycles from biweekly to instantly.

TransparencyTraditional corporate hierarchical is an outdated business model that concentrates power at the expense of workers. Decentralized and dynamic contracting will allow the market to remain competitive and lowers the risk of exploitation.

ConnectionCompanies will look to technology to transform their people and organizations into a highly adaptable enterprise. Blok platform makes it easy to connect with verified workers across the globe instantly, creating a liquid workforce.

ComplianceGovernment and corporate bureaucracy hinder productivity.Decentralization is the only hedge against constraints on companies and workers. As the global economy continues to grow, bureaucracy is a threat to resilience, innovation, and initiative.

Static TeamsIn the age of dynamic transformation, teams must transcend the organizational chart. Static teams produce static results and in the on-demand workplace, this can cause a company to fall behind.

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Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :BLO

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 41,000 ETH

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC223)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :360,000,000 BLO

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :234,000,000 BLO

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes

Roadmap

Blok idea is created within the Lutrovnik R&D consultancy through working with gig economy companies and observing their operating processes and unsolved needs.

Q1 2018

Assembling the team, pre-ICO

Assembling majority of the international team behind Blok, developing the concepts of operation of the Blok protocol, doing the private token sales and pre-ICO.

Q2 2018

: ICO, protocol development

Acquiring funds for further development through an ICO, finalizing the open protoc

Q3 2018

Client apps launch

Launching minimum viable products for browsing, managing and getting paid through the web, phone and tablet apps for blokpreneurs.

Q4 2018

Partner integrations, scaling up

Integrating with a significant amount of gig economy companies, iterating and improving on the official client apps and core protocol.

H1 2019

Economic expansion

Fulfilling the promise of Blok of enabling blokpreneurs all over the world to join the gig economy, expanding in different markets and industries, developing innovative products to foster gig economy growth.

Activity

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